New Issue: China Jianyin unit issues $500 million 1 3/8% guaranteed bonds due 2024

By William Gullotti

Buffalo, N.Y., Aug. 25 – Xingsheng (BVI) Co., Ltd., an offshore special-purpose subsidiary of China Jianyin Investment Ltd. (JIC), issued $500 million of 1 3/8% guaranteed bonds (//A+) due 2024, according to a listing notice filed on Tuesday.

The bonds are guaranteed by JIC’s 80.72%-owned subsidiary JIC Leasing Co., Ltd. and feature the benefit of a keepwell deed provided by JIC.

Bank of China, ICBC International, Bank of Communications, China International Capital Corp., DBS Bank Ltd. and Mizuho Securities are the joint global coordinators, joint lead managers and joint bookrunners.

Also serving as joint lead managers and joint bookrunners are Agricultural Bank of China Ltd., Hong Kong Branch, BOSC International, Bank of East Asia, Ltd., China Citic Bank International, China Construction Bank (Asia), China Everbright Bank Hong Kong Branch, China Securities International, Cinda International, CLSA, CMB Wing Lung Bank Ltd., CMBC Capital, GF Securities, Guotai Junan International, HSBC, BofA Securities, OCBC Bank and Shanghai Pudong Development Bank Hong Kong Branch.

“JIC is a key state-owned holding platform with a long history of supporting and safeguarding China's financial markets,” Fitch Ratings said in a press release.

The listing for the Regulation S bonds is expected on the Hong Kong Exchange Aug. 26.

China Jianyin is an integrated investment group focused on equity investments. It is based in Beijing.

Issuer:	Xingsheng (BVI) Co., Ltd.
Guarantor:	JIC Leasing Co., Ltd.
Issue:	Guaranteed bonds
Amount:	$500 million
Maturity:	2024
Bookrunners:	Bank of China, ICBC International, Bank of Communications, China International Capital Corp., DBS Bank Ltd., Mizuho Securities, Agricultural Bank of China Ltd., Hong Kong Branch, BOSC International, Bank of East Asia, Ltd., China Citic Bank International, China Construction Bank (Asia), China Everbright Bank Hong Kong Branch, China Securities International, Cinda International, CLSA, CMB Wing Lung Bank Ltd., CMBC Capital, GF Securities, Guotai Junan International, HSBC, BofA Securities, OCBC Bank and Shanghai Pudong Development Bank Hong Kong Branch
Coupon:	1 3/8%
Pricing date:	Aug. 18
Listing date:	Aug. 26
Ratings:	Fitch: A+
Distribution:	Regulation S

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